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ASK MIKE MONDAYS - Green Program

EPISODE · May 22, 2017 · 6 MIN

ASK MIKE MONDAYS - Green Program

from Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles

What is it and does every lender have that? Banks do not, Fannie and Freddie do! Freddie's is called Multifamily Green Advantage. Fannie's is called the Green Rewards Program. BOTTOM LINE: Older properties need to be more energy efficient; the agencies are incentivizing owners to change current usage by landlords and tenants of electric and/or water by 20%... if you are successful, your new loan may have a lower interest rate up to 33 basis points. Wow!!

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ASK MIKE MONDAYS - Green Program

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